Just curious about it, if anyone can help
View on r/NepalStock by Affectionate-Draw696
Share via:
Also Read:
Sabaiko Laghubitta Approves 18.95% Dividend for Fiscal Year 2078/79
AGM Called by Asian Life Insurance to Discuss Right Issuance and Dividend Proposal
Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments
Sabottam Cement IPO Allotment: Awaiting Lucky Winners through Friday’s Lottery System
“Ridi Power Company’s 50% Right Share Added to SEBON Pipeline”
Auction of Promoter Shares: Muktinath Bikas Bank Limited and Mahalaxmi Bikas Bank Limited
U r interest income is taxable five percent is deducted in return
5% will be deducted on any interest you earn
5% final withholding tax meaning the tax will be deducted when the interest is paid out and the one who receives does not need to do anything.
Suppose.
Fixed deposit amount rs 100000,
Interest rate 10% annually,
Interest paid out period monthly or quarterly(3 months),
If monthly then 100000*.1= 10000, 10000/12= 833.33 per month, then 5% capital gain tax is imposed so 833.33*.95= rs791.66